eBay opens platform to 2 million Latin American sellers

eBay is partnering with a Latin American e-commerce services hub to streamline the sale of products and services from the region.

The e-commerce giant is collaborating with StoreON, which operates in Colombia, Perú, and Mexico. New eBay sellers coming from the StoreON hub will not have to manage English language communications, international logistics, the handling of foreign currencies, or the nationalization of products.

According to eBay, the number of Latin American sellers on its platform grew by over 35% during 2020 compared to 2019, which the company says is a sign of how more businesses in the region have found in cross-border e-commerce as an alternative to reach more buyers.

"We are very proud to announce the new alliance with eBay, as it will allow at least 2 million companies in Latin America to export their products worldwide, especially to the U.S., a country that has been at the forefront of e-commerce for more than three decades, yielding great returns for sellers," said Bernardo Vanegas, StoreON CEO for LatAm.

"Achieving global sales and not relying on the local market allows for greater growth possibilities. With our global buyer base of 187 million, eBay offers a reliable platform for businesses to successfully expand and become part of the global economy, especially in critical times like these," said Ilya Kretov, GM of global emerging markets at eBay.